North America Disabled & Elderly Assistive Device Market Analysis
Meta Des: North America Disabled & Elderly Assistive Device Market valued at USD 7.37 bn in 2023, and it is projected to reach USD 19.76 bn by 2030, at a CAGR of 14.1%
North America Disabled & Elderly Assistive Device Market
Domain – Life Sciences & Healthcare
Sub Domain – Medical Devices
The North America Disabled & Elderly Assistive Device Market size was valued at USD 7.37 billion in 2023, and is predicted to reach USD 19.76 billion by 2030, at a CAGR of 14.1% from 2024 to 2030.
The rising prevalence of disabilities in North America is fueling increased demand for assistive devices. Factors such as aging, chronic illnesses, and accidents contribute to more individuals experiencing disabilities, driving the need for innovative solutions. These devices are designed to improve mobility, enhance sensory capabilities, and enhance overall quality of life for people with disabilities across the region. This trend highlights the significance of advancing devices such as mobility aids, home care devices, and personalized medical devices to meet diverse needs effectively.
However, the North American market for assistive devices for the disabled & elderly faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the Federal Committee for Protection from Sanitary Risks (COFEPRIS) in Mexico, Health Canada, Food and Drug Administration (USFDA) in the U.S., and other national agencies impose stringent approval processes, requiring assistive products, especially medical devices, to undergo extensive testing and certification before entering the market.
On the contrary, the integration of artificial intelligence (AI) into assistive devices in North America represents a transformative leap towards a future where these devices are not only more advanced but also more personalized and accessible than ever before. AI enables assistive devices to evolve beyond static solutions, becoming dynamic and adaptable to the specific needs of each user. Through machine learning algorithms, these devices learn from user interactions, continuously improving their functionality and responsiveness.
Moreover, AI enables assistive devices to integrate seamlessly into daily life, offering real-time support that is finely tuned to users' unique circumstances, thereby significantly enhancing their independence, productivity, and overall quality of life.
The U.S. Holds the Dominant Market Share in the Region
The growing incidence of disabilities in the U.S. is spurring demand for advanced assistive devices. As more people are affected by aging, chronic conditions, and accidents, there is increasing interest in innovations that enhance mobility, sensory capabilities, and overall quality of life.
As per United States Department of Labor report 2024, in U.S. people with a disability accounted for about 13% of the overall population in 2023. This emphasizes the need for enhanced devices such as mobility aids, home care devices, and personalized medical devices to meet diverse needs. Government and private sector efforts are pivotal in making these devices more accessible and affordable, promoting widespread adoption nationwide.
Segment Overview
North America disabled & elderly assistive device industry is segmented based on type and end user.
• Based on type, the market is segmented mobility impairments, hearing impairments, visual impairments, cognitive impairments, and self-care.
• Based on end user, the market is classified into hospitals, elderly nursing homes, home care, and other end user.
Key Market Players
Leading players operating in North America disabled & elderly assistive device industry include:
• Demant A/S
• Ottobock SE & Co. KGaA
• WS Audiology A/S
• Sonova Holding AG
• GN Store Nord A/S
• Cochlear Ltd.
• Starkey Hearing Technologies
• Invacare Corporation
• MED-EL Medical Electronics
• Permobil AB
Key Benefits
• North America disabled & elderly assistive device market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in North America disabled & elderly assistive device market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 North America Disabled And Elderly Assistive Device Market By Type
- 2.1 Overview
- 2.2 Mobility Impairments
- 2.2.1 Mobility Impairments Market, By Type
- 2.2.1.1 Wheelchairs Market, By Country
- 2.2.1.2 Walkers And Rollators Market, By Country
- 2.2.1.3 Canes And Walking Sticks Market, By Country
- 2.2.1.4 Crutches Market, By Country
- 2.2.1.5 Portable Ramps Market, By Country
- 2.2.1.6 Others Market, By Country
- 2.2.2 Mobility Impairments Market, By Country
- 2.3 Hearing Impairments
- 2.3.1 Hearing Impairments Market, By Type
- 2.3.1.1 Hearing Aids Market, By Country
- 2.3.1.2 Fm System Market, By Country
- 2.3.1.3 Deafblind Communicators For Hearing Market, By Country
- 2.3.2 Hearing Impairments Market, By Country
- 2.4 Visual Impairments
- 2.4.1 Visual Impairments Market, By Type
- 2.4.1.1 Screen Readers Market, By Country
- 2.4.1.2 Optical Magnifiers Market, By Country
- 2.4.1.3 Smart Phones For Vision Market, By Country
- 2.4.1.4 Braille Writing Equipment Market, By Country
- 2.4.1.5 Talking Devices Market, By Country
- 2.4.2 Visual Impairments Market, By Country
- 2.5 Cognitive Impairments
- 2.5.1 Cognitive Impairments Market, By Country
- 2.6 Self-care
- 2.6.1 Self-care Market, By Type
- 2.6.1.1 Shower Chairs Market, By Country
- 2.6.1.2 Grab-bars/Handrails Market, By Country
- 2.6.2 Self-care Market, By Country
- 3 North America Disabled And Elderly Assistive Device Market By End User
- 3.1 Overview
- 3.2 Hospitals
- 3.2.1 Hospitals Market, By Country
- 3.3 Elderly Nursing Homes
- 3.3.1 Elderly Nursing Homes Market, By Country
- 3.4 Home Care
- 3.4.1 Home Care Market, By Country
- 3.5 Other End Users
- 3.5.1 Other End Users Market, By Country
- 4 North America Disabled And Elderly Assistive Device Market, By Country
- 4.1 Overview
- 4.2 United States
- 4.2.1 North America Disabled And Elderly Assistive Device Market, By Type
- 4.2.2 North America Disabled And Elderly Assistive Device Market, By End User
- 4.3 Canada
- 4.3.1 North America Disabled And Elderly Assistive Device Market, By Type
- 4.3.2 North America Disabled And Elderly Assistive Device Market, By End User
- 4.4 Mexico
- 4.4.1 North America Disabled And Elderly Assistive Device Market, By Type
- 4.4.2 North America Disabled And Elderly Assistive Device Market, By End User
- 5 Company Profiles
- 5.1 Demant A/S
- 5.1.1 Company Overview
- 5.1.2 Company Snapshot
- 5.1.3 Operating Business Segments
- 5.1.4 Product Portfolio
- 5.1.5 Business Performance
- 5.1.6 Business Segments
- 5.1.7 Geographic Segments
- 5.1.8 Key Strategic Moves And Development
- 5.1.9 Primary Market Competitors
- 5.2 Ottobock Se And Co. Kgaa
- 5.2.1 Company Overview
- 5.2.2 Company Snapshot
- 5.2.3 Operating Business Segments
- 5.2.4 Product Portfolio
- 5.2.5 Business Performance
- 5.2.6 Business Segments
- 5.2.7 Geographic Segments
- 5.2.8 Key Strategic Moves And Development
- 5.2.9 Primary Market Competitors
- 5.3 Ws Audiology A/S
- 5.3.1 Company Overview
- 5.3.2 Company Snapshot
- 5.3.3 Operating Business Segments
- 5.3.4 Product Portfolio
- 5.3.5 Business Performance
- 5.3.6 Business Segments
- 5.3.7 Geographic Segments
- 5.3.8 Key Strategic Moves And Development
- 5.3.9 Primary Market Competitors
- 5.4 Sonova Holding Ag
- 5.4.1 Company Overview
- 5.4.2 Company Snapshot
- 5.4.3 Operating Business Segments
- 5.4.4 Product Portfolio
- 5.4.5 Business Performance
- 5.4.6 Business Segments
- 5.4.7 Geographic Segments
- 5.4.8 Key Strategic Moves And Development
- 5.4.9 Primary Market Competitors
- 5.5 Gn Store Nord A/S
- 5.5.1 Company Overview
- 5.5.2 Company Snapshot
- 5.5.3 Operating Business Segments
- 5.5.4 Product Portfolio
- 5.5.5 Business Performance
- 5.5.6 Business Segments
- 5.5.7 Geographic Segments
- 5.5.8 Key Strategic Moves And Development
- 5.5.9 Primary Market Competitors
- 5.6 Cochlear Ltd.
- 5.6.1 Company Overview
- 5.6.2 Company Snapshot
- 5.6.3 Operating Business Segments
- 5.6.4 Product Portfolio
- 5.6.5 Business Performance
- 5.6.6 Business Segments
- 5.6.7 Geographic Segments
- 5.6.8 Key Strategic Moves And Development
- 5.6.9 Primary Market Competitors
- 5.7 Starkey Hearing Technologies
- 5.7.1 Company Overview
- 5.7.2 Company Snapshot
- 5.7.3 Operating Business Segments
- 5.7.4 Product Portfolio
- 5.7.5 Business Performance
- 5.7.6 Business Segments
- 5.7.7 Geographic Segments
- 5.7.8 Key Strategic Moves And Development
- 5.7.9 Primary Market Competitors
- 5.8 Invacare Corporation
- 5.8.1 Company Overview
- 5.8.2 Company Snapshot
- 5.8.3 Operating Business Segments
- 5.8.4 Product Portfolio
- 5.8.5 Business Performance
- 5.8.6 Business Segments
- 5.8.7 Geographic Segments
- 5.8.8 Key Strategic Moves And Development
- 5.8.9 Primary Market Competitors
- 5.9 Med-el Medical Electronics
- 5.9.1 Company Overview
- 5.9.2 Company Snapshot
- 5.9.3 Operating Business Segments
- 5.9.4 Product Portfolio
- 5.9.5 Business Performance
- 5.9.6 Business Segments
- 5.9.7 Geographic Segments
- 5.9.8 Key Strategic Moves And Development
- 5.9.9 Primary Market Competitors
- 5.10 Permobil Ab
- 5.10.1 Company Overview
- 5.10.2 Company Snapshot
- 5.10.3 Operating Business Segments
- 5.10.4 Product Portfolio
- 5.10.5 Business Performance
- 5.10.6 Business Segments
- 5.10.7 Geographic Segments
- 5.10.8 Key Strategic Moves And Development
- 5.10.9 Primary Market Competitors
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